KARACHI: President of United Business Group (UBG) Zubair Tufail said that in current situation of country, it is necessary to obtain loan from International Financial Institution, but depending on IMF is not permanent solution.

He said that government should keep in mind increasing cost of living in country and must provide some relief to workers who get low monthly salary.

At present due to high food inflation, prices of all commodities including cooking oil, ghee, flour, vegetables, pulses, eggs, meat, commodities, spices are beyond reach of common man, while petrol, electricity and gas rates have reached highest level in history and in these conditions household kitchen has an additional burden of more than 15 to 20 thousand rupees per month.

Zubair said that political chaos in country is having serious negative impact on business and life of general public. Due to lack of political stability, investors and industrialists are facing an uncertain situation.

Published in The Daily National Courier, February, 28 2023

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